BEWARE of Crypto Trader Elite – review

In this review we explain why you should be very cautious when considering Crypto Trader Elite.

Crypto Trader Elite is a trading signals provider. It allegedly will make you win your trades. Every month you are supposed to get more than 500 signals.

For free. Why would anyone give you winning trading signals for free?

Crypto Trader Elite problems

We keep stressing it in our articles, to provide trading signals you have to be licensed, because it is a regulated activity. For a good reason, because you can make people win or lose money.

But Crypto Trader Elite is anonymous and not regulated. This is a problem, because nobody is overseeing what is going on. And Crypto Trader Elite cannot provide its signals legally in any country that regulates investment advice.

You can lose money

If you think that you have nothing to lose, since Crypto Trader Elite signals are free, you are wrong. You will be pushed to trade the signals on a live account, so if they don’t work, you will be losing your money.

That’s the risk you are taking, bad trading signals can hurt you. And with Crypto Trader Elite you have no guarantee or proof that the signals are profitable.

The so called live proof proves nothing, it is just a picture that could be fake.

What might be behind

From the Crypto Trader Elite website it is clear that you will have to sign up with one of selected brokers in order to get access to the signals.

These brokers pay their partners for referring new depositors, so it is possible that Crypto Trader Elite is just a tool for earning affiliate commissions from brokers. The signals themselves don’t need to be worth anything.